Blockchain

$3M for where blockchain meets documents

May 27, 2022
Dedoco

Here's Dedoco! They're building the future of documents by decentralizing documents, verification, workflows and signing through blockchain. (So yeah, say bye to Google Docs and your usual e-signing!)

  • Now, they've just raised another $3M!

👀  Who's the backer?

The $3M is from True Global Ventures (TGV). They're an early investor of blockchain unicorns Animoca Brands and The Sandbox (we're sure you've heard of them, probably too many times!) and Forge Global, which recently listed in the US.

  • Dedoco raised a $2.5M seed led by Vertex Ventures last year and raised another $2M in follow-on funding.

😱  Why it matters

While there are tons of document and e-signature companies, fraud, unauthorized signatures and non-compliance are still major challenges.

Keeping secrets. Dealing with these issues isn't easy (and mistakes are expensive) — especially for companies dealing with extremely sensitive and confidential information.

  • Dedoco has over 150 clients and partners across government, financial institutions, real estate and technology platforms.

✍🏼  The future of documents?

They've got different products and tech focused on data privacy and document security. Oh, and they make sure everything is trusted, verifiable and interconnected.

Send, track and sign. Their e-signature solution is legally-binding and tamper-proof. Plus, you can even host a video e-signature signing call to verify identity while signing.

Share safely. Get to file-share but keep it end-to-end encrypted for your security. Plus, you can make sure the other person can't store or transfer the file!

Document check. Allows signers to verify the document version before signing or approving a document— a $42B global pain point.

Verify. This tracks the chain of custody of a document and tamper-proofs it, so internal and external auditors can check who got their hands on it and more.

Trusted certificates. Issue blockchain-verifiable certificates that are tamper-proof.

🌏  World domination

They're looking to expand to even more new markets this year, including the US!

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